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Open Lubricants Retailing Shop

Sale of Engine Oil, Break Fluid and Hydraulic Oil etc is a profitable and highly thriving business venture an entrepreneur who is interested in making money from the chemical industry should consider starting. The fact that vehicle owners subject their vehicles for servicing at regular intervals creates markets for lubrication oil products. The location you choose to rent a shop for this type of business matters a lot. It is important to ensure that you stock your shop with different brands of lubricants; it will give your customers options.

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Concept of Entrepreneurship

Who is an Entrepreneur?

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

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Start a Fertilizer Distribution and Retailing Business

Another thriving and profitable business that an entrepreneur who is interested in retailing chemical related products should consider starting is to start a fertilizer distribution and retailing business. Farmers all over the world rely on organic and inorganic fertilizer to cultivate their crops hence there is a large market for fertilizers.

So, if you are looking for a business to start in the chemical industry, then one of your options is to go into the retailing of fertilizers. Just ensure that you shop is located close to an area notable for farming; it is important because farmers are your target market.

From Consumption > Production

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Start a Pharmaceutical Manufacturing Company

Chemicals are parts of the raw materials used in the production of drugs; hence it will be safe to classify drugs production business under the chemical industry. So, if you are looking towards starting a business in the chemical industry, then you have the option of opening a pharmaceutical manufacturing company.

It is a highly profitable and thriving business, and an industry that is highly regulated. If you want to start this type of business, then you would be required to apply and obtain the necessary license and permits from the government of your country.

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Open a Paint Retailing Depot

Another chemical related retailing business howbeit, a little bit technical that an entrepreneur can start and make huge money from is retailing of paints. There is a large market for paints, just ensure that you locate your depot in a location that can easily be accessed by people. Just ensure that you have a wide range of paints and in all available colors so as to give your customers options whenever they visit your shop to make purchase.

Chizillar1:
Open a Paint Retailing Depot

Another chemical related retailing business howbeit, a little bit technical that an entrepreneur can start and make huge money from is retailing of paints. There is a large market for paints, just ensure that you locate your depot in a location that can easily be accessed by people. Just ensure that you have a wide range of paints and in all available colors so as to give your customers options whenever they visit your shop to make purchase.

Pls if u need a graphic designer for your cosmetic product i am always available..... This is my WhatsApp number 08179639117

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Open a Cosmetic Shop

Another ideal chemical related retailing business that an entrepreneur can successfully start without any technical skill is to open a cosmetic shop. There is a large market for cosmetics and good enough the cosmetic business is not meant for women alone but all genders. If you are looking towards starting a chemical related retail business that is easy to run, then you should consider opening a cosmetic shop.

Just like any other retail business, location is an important factor that determines the success of the business. So, before making a choice as regards the locations to rent or lease a shop to start your cosmetic retailing business, ensure that you conduct a thorough market survey and feasibility studies.

Entrepreneurs must deal with a larger number of obstacles and fears than hourly or salaried employees, but the payoff may be far greater. Good entrepreneurs have interest and vision, the skills to start a business and the willingness to invest.

Interest and Vision
The first factor for entrepreneurial success is interest. Since entrepreneurship pays off according to performance rather than time spent on a particular effort, an entrepreneur must work in an area that interests her. Otherwise, she will not be able to maintain a high level of work ethic, and she will most likely fail. This interest must also translate into a vision for the company's growth.

Even if the day-to-day activities of a business are interesting to an entrepreneur, this is not enough for success unless she can turn this interest into a vision of growth and expansion. This vision must be strong enough that she can communicate it to investors and employees.

Retailing of a Wide Range of Acids

Another easy business to start in the chemical industry is to go into the retailing of a wide range of acids. There is a large market for acids such as nitric acid, chlorine, phosphoric acid, sulfuric acid, titanium dioxide, hydrogen peroxide, nitrogen, ethylene, ammonia, propylene, polyethylene, chlorine, and ammonium phosphates etc. these acids are used for different purposes.

So if you are considering starting a chemical related retailing business, then you have the option of going into the retailing of a wide range of acids. Please note that you would need some of training and also chemical / acids handling license and other necessary permits before you can be allowed to go into the retailing of acids.

Benefits of Entrepreneurship

Many Areas of Skill
All of the interest and vision cannot make up for a total lack of applicable skill. As the head of a company, whether he has employees or not, an entrepreneur must be able to wear many hats and do so effectively. For instance, if he wants to start a business that creates mobile games, he should have specialized knowledge in mobile technology, the gaming industry, game design, mobile app marketing or programming.

Financial and Emotional Investment
An entrepreneur must invest in her company. This investment may be something less tangible, such as the time she spends or the skills or reputation she brings with her, but it also tends to involve a significant investment of assets with a clear value, whether they be cash, real estate or intellectual property. An entrepreneur who will not or cannot invest in her company cannot expect others to do so and cannot expect it to succeed.

Go into the Production of Perfumes and Body Spray
The production of perfumes and body sprays can safely be classified under the chemical industry; chemicals are the major raw materials used in the production of this product. Hence, if you are considering starting a business in the chemical industry, a business that is profitable and thriving, then one of your options is to go into the production of perfumes and body spray.

Although, there are leading brands in this line of business, but if you are able to come up with unique fragrance and if your products are well branded and packaged, then you are likely going to get your own fair share of the available market.

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Organization and Delegation

While many new businesses start as a one-man show, successful entrepreneurship is characterized by quick and stable growth. This means hiring other people to do specialized jobs.
For this reason, entrepreneurship requires extensive organization and delegation of tasks.

It is important for entrepreneurs to pay close attention to everything that goes on in their companies, but if they want their companies to succeed, they must learn to hire the right people for the right jobs and let them do their jobs with minimal interference from management.

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Go into the Production of Fire Extinguishers

The production of fire extinguishers is yet another thriving and profitable business under the chemical industry. No doubt there is a large market for fire extinguishers simply because of what they are used for – for fighting fires. As a matter of fact, in Nigeria and in most countries of the world, it is mandatory to have fire extinguishers in buildings, plants, trains, ships and automobiles. It is a punishable offence if you don’t have fire extinguishers in the places listed above and above all the fire extinguisher must be valid.

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Go into the Production of Plastic and Rubber Containers
Another profitable and highly thriving business that an entrepreneur can successfully launch in the chemical industry is to go into the production of plastic and rubber containers. Plastic and rubber containers are used for several purposes ranging from storage of water, and chemicals to the storage of fuel and cooking oils etc. So if you are looking towards starting a business in the chemical industry, then one of your options is to go into the production of plastic and rubber containers.

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Retailing of Plastic and Rubber Products

At homes, in the work places, in schools, hospitals, hotels etc, you will find various sizes and shapes of plastic products (containers). This goes to show that there is a large market for plastic products (plastic buckets, plastic kegs, plastic plates, plastic pails, etc). So if you are looking for a chemical related retailing business to start, then you should consider opening a shop where plastic products are retailed. It is indeed a profitable business and it is easy to start and manage.